AltShares Merger Arbitrage ETF	Portfolio of Investments
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 95.80%
Aerospace & Defense - 2.56%
Kaman Corp.		26,146	$	1,197,748
OHB SE(a)		7,783		366,757
				1,564,505
Airlines - 1.28%
Hawaiian Holdings, Inc.(a)		55,561		783,966
Apparel - 1.87%
Capri Holdings Ltd.(a)		24,786		1,143,378
Banks - 0.84%
American National Bankshares, Inc.(b)		3,123		140,910
Capstar Financial Holdings, Inc.(b)		19,695		369,281
				510,191
Biotechnology - 15.51%
Ambrx Biopharma, Inc.(a)		42,594		1,190,076
Cerevel Therapeutics Holdings, Inc.(a)		39,209		1,607,569
Cymabay Therapeutics, Inc.(a)		67,733		2,180,325
Karuna Therapeutics, Inc.(a)		6,743		2,117,100
MorphoSys AG(a)		22,461		1,577,930
Olink Holding AB, ADR(a)		35,654		797,580
				9,470,580
Commercial Services - 1.39%
SP Plus Corp.(a)		16,485		847,494
Computers & Computer Services - 1.33%
Kin & Carta PLC(a)		226,694		366,852
Societe pour l'Informatique Industrielle		5,853		442,814
				809,666
Construction Materials - 4.73%
Masonite International Corp.(a)		12,621		1,643,759
PGT Innovations, Inc.(a)		29,814		1,245,331
				2,889,090
Diversified Financial Services - 1.89%
Discover Financial Services		9,558		1,153,651
Electric - 0.65%
Greenvolt-Energias Renovaveis SA(a)		45,257		396,690
Electronics - 2.33%
Smart Metering Systems PLC		118,944		1,421,854
Energy - Alternate Sources - 0.53%
Opdenergy Holdings SA(a)		50,882		321,710
Food Service - 2.12%
Sovos Brands, Inc.(a)(b)		56,816		1,294,837
Healthcare - Products - 2.74%
Axonics, Inc.(a)		24,621		1,672,751

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 95.80% (Continued)
Healthcare - Services - 4.88%
Amedisys, Inc.(a)(b)		8,927	$	830,389
Catalent, Inc.(a)(b)		37,444		2,147,039
				2,977,428
Home Builders - 3.97%
MDC Holdings, Inc.		26,629		1,669,638
Redrow PLC		93,459		755,619
				2,425,257
Home Furnishings - 2.00%
Vizio Holding Corp., Class A(a)		110,911		1,221,130
Insurance - 0.66%
National Western Life Group, Inc., Class A(b)		835		405,459
Internet - 1.69%
Adevinta ASA(a)		96,463		1,029,903
Iron/Steel - 3.22%
Haynes International, Inc.(b)		14,308		850,325
U.S. Steel Corp.(b)		23,489		1,111,969
				1,962,294
Machinery - Construction & Mining - 0.52%
Transphorm, Inc.(a)(b)		66,301		318,908
Oil & Gas - 11.11%
Enerplus Corp.		70,267		1,245,834
Hess Corp.(b)		14,927		2,175,610
Pioneer Natural Resources Co.(b)		9,483		2,230,307
Southwestern Energy Co.(a)		162,505		1,132,660
				6,784,411
Packaging & Containers - 0.99%
Westrock Co.(b)		13,292		601,995
Pharmaceuticals - 1.96%
Harpoon Therapeutics, Inc.(a)		52,182		1,197,055
Real Estate - 4.62%
McGrath RentCorp		4,943		615,305
Tricon Residential, Inc.		198,289		2,206,956
				2,822,261
Retail - 0.69%
Carrols Restaurant Group, Inc.(b)		44,304		419,559
Software - 13.16%
Alteryx, Inc., Class A(a)		34,803		1,671,936
ANSYS, Inc.(a)(b)		6,199		2,071,520
Everbridge, Inc.(a)		44,944		1,270,567
HireRight Holdings Corp.(a)		58,010		822,002
Splunk, Inc.(a)(b)		14,085		2,200,358
				8,036,383

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 95.80% (Continued)
Storage/Warehousing - 1.86%
Wincanton PLC		144,303	$	1,136,638
Telecommunications - 3.32%
Consolidated Communications Holdings, Inc.(a)		91,671		395,102
GCI Liberty, Inc.(a)(c)		2,728		—
Juniper Networks, Inc.(b)		44,081		1,632,319
				2,027,421
Transportation - 1.38%
Daseke, Inc.(a)		48,033		396,272
Eagle Bulk Shipping, Inc.		7,253		444,392
				840,664
TOTAL COMMON STOCKS
(Cost $57,774,763)				58,487,129

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 5.25%
Money Market Funds
Morgan Stanley Institutional Liquidity Fund - Government Portfolio		5.222	%(d)		1,602,312	$	1,602,312
State Street Institutional U.S. Government Money Market Fund, Premier Class		5.387	%(d)		1,602,311		1,602,311
							3,204,623
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,204,623)							3,204,623
Total Investments - 101.05%
(Cost $60,979,386)							61,691,752
Liabilities in Excess of Other Assets - (1.05)%(e)							(639,095	)
NET ASSETS - 100.00%						$	61,052,657

Portfolio Footnotes
(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for swaps, short sales or forward foreign currency exchange contracts. At February 29, 2024, the aggregate fair market value of those securities was $13,125,727, representing 21.50% of net assets.
(c)	Level 3 - significant unobservable inputs were used in determining the value of this portfolio security. Security fair valued using significant unobservable inputs and classified as a Level 3 security. As of February 29, 2024, the total fair market value of these securities was $0, representing 0.0% of net assets.
(d)	Rate shown is the 7-day effective yield as of February 29, 2024.
(e)	Includes cash held as collateral for short sales.

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (6.44%)
COMMON STOCKS SOLD SHORT - (6.44%)
Banks - (0.13%)
Old National Bancorp		(4,790	)	$	(78,700	)
Diversified Financial Services - (2.19%)
Capital One Financial Corp.		(9,742	)		(1,340,596	)
Forest Products & Paper - (0.93%)
Smurfit Kappa Group PLC		(13,292	)		(566,451	)
Home Builders - (1.30%)
Barratt Developments PLC		(134,581	)		(792,497	)
Oil & Gas - (1.89%)
Chord Energy Corp.		(7,111	)		(1,155,182	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $3,743,240)				$	(3,933,426	)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency

Reference Obligation

Rate Paid/Received by the Fund

Termination Date

Upfront Payments Made

Upfront Payments Received

Market Value

Notional Amount

Unrealized Appreciation

Morgan Stanley & Co./ Upon Termination

WillScot Mobile Mini Holdings Corp.

Received 1 Month-Federal Rate Minus 40bps (4.930%)

02/08/2025

$

—

$

—

$

1,429

USD

267,779

$

1,429

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value			Notional Amount		Unrealized Depreciation
Morgan Stanley & Co./ Upon Termination	Atlantic Union Bankshares Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024	$	—	$	—	$	(17,551	)	USD	122,673	$	(17,551	)
Morgan Stanley & Co./ Upon Termination	Chesapeake Energy Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024		—		—		(73,498	)	USD	1,092,790		(73,498	)
Morgan Stanley & Co./ Upon Termination	Chevron Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024		—		—		(114,772	)	USD	2,210,981		(114,772	)
Morgan Stanley & Co./ Upon Termination	Old National Bancorp	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024		—		—		(20,036	)	USD	275,014		(20,036	)
Morgan Stanley & Co./ Upon Termination	Star Bulk Carriers Corp.	Received 1 Month-Federal Rate Minus 78bps (4.550%)	05/06/2024		—		—		(52,362	)	USD	401,454		(52,362	)
Morgan Stanley & Co./ Upon Termination	Synopsys, Inc.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024		—		—		(70,158	)	USD	1,155,329		(70,158	)
Morgan Stanley & Co./ Upon Termination	Exxon Mobil Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024		—		—		(63,912	)	USD	2,238,977		(63,912	)
								$	(412,289	)			$	(412,289	)

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
EUR	1,120,310	USD	1,204,794	Morgan Stanley & Co.	03/15/2024	$	6,566
USD	3,883,616	EUR	3,551,710	Morgan Stanley & Co.	03/15/2024		43,254
GBP	40,000	USD	50,403	Morgan Stanley & Co.	03/15/2024		92
USD	4,087,603	GBP	3,209,300	Morgan Stanley & Co.	03/15/2024		36,258
USD	1,576,699	NOK	16,484,900	Morgan Stanley & Co.	03/15/2024		24,213
						$	110,383

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	1,639,270	USD	1,225,641	Morgan Stanley & Co.	03/15/2024	$	(17,517	)
USD	1,206,809	CAD	1,639,270	Morgan Stanley & Co.	03/15/2024		(1,316	)
EUR	596,000	USD	647,748	Morgan Stanley & Co.	03/15/2024		(3,310	)
USD	1,124,074	EUR	1,041,620	Morgan Stanley & Co.	03/15/2024		(2,200	)
GBP	4,388,200	USD	5,577,335	Morgan Stanley & Co.	03/15/2024		(37,774	)
USD	4,402,489	GBP	3,507,200	Morgan Stanley & Co.	03/15/2024		(24,918	)
NOK	5,391,700	USD	520,859	Morgan Stanley & Co.	03/15/2024		(13,090	)
						$	(100,125	)

The following is a summary of investments classified by country exposure:

Country	% of Net Assets(a)
United States		76.72	%
Canada		8.34	%
United Kingdom		6.03	%
Germany		3.18	%
British Virgin Islands		1.87	%
Norway		1.69	%
Sweden		1.31	%
France		0.73	%
Portugal		0.65	%
Spain		0.53	%
Liabilities in Excess of Other Assets		(1.05	)%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

AltShares Merger Arbitrage ETF	Portfolio of Investments(Continued)
	February 29, 2024 (unaudited)

Abbreviations:

AB - Aktiebolag is the Swedish term for a limited company.

ADR - American Depositary Receipt

AG - Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders.

ASA - Allmennaksjeselskap is the Norwegian term for public limited company.

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CAD - Canadian dollar

EUR - Euro

GBP - British pound

Ltd. - Limited

NOK - Norwegian krone

PLC - Public Limited Company

SA - Generally designates corporations in various countries, mostly those employing civil law. This translates literally in all languages mentioned as anonymous company.

SE - SE Regulation. A European Company which can operate on a Europe-wide basis and be governed by Community law directly applicable in all Member States

USD - United States Dollar

AltShares Merger Arbitrage ETF	Portfolio of Investments(Continued)
	February 29, 2024 (unaudited)

The following table summarizes AltShares Merger Arbitrage ETF’s investments and derivative financial instruments categorized in the fair value hierarchy as of February 29, 2024:

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks
Aerospace & Defense	$	1,564,505		$	—		$	—	$	1,564,505
Airlines		783,966			—			—		783,966
Apparel		1,143,378			—			—		1,143,378
Banks		510,191			—			—		510,191
Biotechnology		9,470,580			—			—		9,470,580
Commercial Services		847,494			—			—		847,494
Computers & Computer Services		366,852			442,814			—		809,666
Construction Materials		2,889,090			—			—		2,889,090
Diversified Financial Services		1,153,651			—			—		1,153,651
Electric		396,690			—			—		396,690
Electronics		1,421,854			—			—		1,421,854
Energy - Alternate Sources		321,710			—			—		321,710
Food Service		1,294,837			—			—		1,294,837
Healthcare - Products		1,672,751			—			—		1,672,751
Healthcare - Services		2,977,428			—			—		2,977,428
Home Builders		2,425,257			—			—		2,425,257
Home Furnishings		1,221,130			—			—		1,221,130
Insurance		405,459			—			—		405,459
Internet		1,029,903			—			—		1,029,903
Iron/Steel		1,962,294			—			—		1,962,294
Machinery - Construction & Mining		318,908			—			—		318,908
Oil & Gas		6,784,411			—			—		6,784,411
Packaging & Containers		601,995			—			—		601,995
Pharmaceuticals		1,197,055			—			—		1,197,055
Real Estate		2,822,261			—			—		2,822,261
Retail		419,559			—			—		419,559
Software		8,036,383			—			—		8,036,383
Storage/Warehousing		1,136,638			—			—		1,136,638
Telecommunications		2,027,421			—			0		2,027,421
Transportation		840,664			—			—		840,664
Short-Term Investments		3,204,623			—			—		3,204,623
TOTAL	$	61,248,938		$	442,814		$	0	$	61,691,752
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	110,383		$	—	$	110,383
Equity Swaps		1,429			—			—		1,429
Liabilities
Common Stocks*		(3,933,426	)		—			—		(3,933,426	)
Forward Foreign Currency Exchange Contracts		—			(100,125	)		—		(100,125	)
Equity Swaps		(412,289	)		—			—		(412,289	)
TOTAL	$	(4,344,286	)	$	10,258		$	—	$	(4,334,028	)

*	Refer to Portfolio of Investments for sector information.
**	Other financial instruments are instruments such as securities sold short, equity swaps and forward foreign currency exchange contracts.

AltShares Merger Arbitrage ETF	Portfolio of Investments(Continued)
	February 29, 2024 (unaudited)

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund’s assets and liabilities during the period ended February 29, 2024:

Investments in Securities	Balance as of May 31, 2023		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Purchases		Sales Proceeds		Transfers out of Level 3		Balance as of February 29, 2024		Net change in Unrealized Appreciation (Depreciation) from investments still held as of February 29, 2024
Common Stock	$	0	$	-	$	-	$	-	$	-	$	-	$	0	$	-
Total	$	0	$	-	$	-	$	-	$	-	$	-	$	0	$	-

AltShares Event-Driven ETF	Portfolio of Investments
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 84.64%
Aerospace & Defense - 1.72%
Boeing Co.(a)		350	$	71,302
Apparel - 3.07%
Capri Holdings Ltd.(a)		1,086		50,097
VF Corp.(b)		4,738		77,419
				127,516
Auto Manufacturers - 1.09%
Rivian Automotive, Inc., Class A(a)(c)		4,000		45,280
Banks - 2.27%
Capstar Financial Holdings, Inc.		5,025		94,219
Biotechnology - 9.80%
Aura Biosciences, Inc.(a)(b)		5,000		45,350
Cerevel Therapeutics Holdings, Inc.(a)		2,715		111,315
Cymabay Therapeutics, Inc.(a)		1,959		63,060
Olink Holding AB, ADR(a)		7,583		169,632
Zai Lab Ltd., ADR(a)		850		17,833
				407,190
Commercial Services - 2.95%
LiveRamp Holdings, Inc.(a)		1,250		43,725
Network International Holdings PLC(a)(d)		16,268		78,649
				122,374
Construction Materials - 3.07%
Masonite International Corp.(a)		324		42,198
PGT Innovations, Inc.(a)		2,045		85,419
				127,617
Electric - 0.85%
PNM Resources, Inc.		968		35,342
Entertainment - 3.23%
Caesars Entertainment, Inc.(a)(b)		1,203		52,294
Cineplex, Inc.(a)		14,075		82,035
				134,329
Healthcare - Products - 3.46%
Axonics, Inc.(a)		1,534		104,220
Pacific Biosciences of California, Inc.(a)(b)		7,118		39,363
				143,583
Healthcare - Services - 2.46%
Amedisys, Inc.(a)		669		62,230
Catalent, Inc.(a)		697		39,966
				102,196
Home Builders - 2.51%
MDC Holdings, Inc.		1,664		104,333

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 84.64% (Continued)
Home Furnishings - 0.73%
Vizio Holding Corp., Class A(a)		2,767	$	30,465
Internet - 2.94%
Adevinta ASA(a)		9,486		101,279
Pinterest, Inc., Class A(a)		570		20,919
				122,198
Iron/Steel - 1.94%
U.S. Steel Corp.(b)		1,705		80,715
Machinery - Construction & Mining - 0.89%
Bloom Energy Corp., Class A(a)(b)		4,220		37,009
Media - 4.43%
Walt Disney Co.		246		27,449
TEGNA, Inc.		5,250		73,553
Warner Bros Discovery, Inc.(a)		3,000		26,370
Paramount Global, Class B(b)		5,110		56,414
				183,786
Mining - 1.94%
Cameco Corp.		1,985		80,452
Oil & Gas - 9.48%
APA Corp.		295		8,788
Hess Corp.(b)		1,336		194,722
Pioneer Natural Resources Co.(b)		809		190,269
				393,779
Pharmaceuticals - 1.50%
Bayer AG, ADR(b)		8,206		62,284
Real Estate - 4.56%
McGrath RentCorp		676		84,148
Tricon Residential, Inc.		9,445		105,123
				189,271
Real Estate Investment Trusts - 1.79%
Crown Castle, Inc.(b)(c)		676		74,319
Semiconductors - 2.85%
Intel Corp.(b)		795		34,225
Silicon Motion Technology Corp., ADR		1,187		84,027
				118,252
Software - 11.44%
Alteryx, Inc., Class A(a)		2,270		109,051
ANSYS, Inc.(a)		371		123,977
Everbridge, Inc.(a)		1,832		51,791
Snowflake, Inc., Class A(a)(c)		100		18,828
Splunk, Inc.(a)(b)		1,098		171,529
				475,176

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

	Shares		Value
COMMON STOCKS - 84.64% (Continued)
Telecommunications - 3.67%
EchoStar Corp., Class A(a)		3,690	$	48,376
Juniper Networks, Inc.		2,815		104,239
				152,615
TOTAL COMMON STOCKS
(Cost $3,647,577)				3,515,602

	Maturity Date	Rate			Principal Amount		Value
CORPORATE BONDS - 4.52%
Commercial Services - 0.67%
Valvoline, Inc.(d)	02/15/2030		4.250	%	$	28,000	$	27,823
Oil & Gas - 2.46%
Callon Petroleum Co.(d)	08/01/2028		8.000	%		53,000		55,360
PDC Energy, Inc.	05/15/2026		5.750	%		47,000		46,934
								102,294
Oil & Gas Services - 0.55%
CSI Compressco LP/CSI Compressco Finance, Inc.(d)	04/01/2025		7.500	%		23,000		23,023
Retail - 0.84%
Carrols Restaurant Group, Inc.(d)	07/01/2029		5.875	%		34,000		34,700
TOTAL CORPORATE BONDS
(Cost $187,806)								187,840
CONVERTIBLE CORPORATE BONDS - 0.00%(e)
Auto Manufacturers - 0.00%(e)
Lightning eMotors, Inc.(d)(f)	05/15/2024		7.500	%		365		18
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $365)								18

	Shares		Value
RIGHTS(a) - 0.11%
Concert Pharmaceuticals, Inc. CVR, Expires 12/31/2029(g)(h)		2,000	$	813
Contra Abiomed, Inc. CVR, Expires 12/31/2030(g)		200		350
Contra Albireo Pharma, Inc. CVR, Expires 12/31/2027(g)(h)		415		981
Contra CinCor Pharma, Inc. CVR, Expires 12/31/2027(g)(h)		639		2,154
TOTAL RIGHTS
(Cost $3,792)				4,298

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 11.16%
Money Market Funds
Morgan Stanley Institutional Liquidity Funds - Government Portfolio		5.222	%(i)	$	231,764	$	231,764
State Street Institutional U.S. Government Money Market Fund, Premier Class		5.387	%(i)		231,765		231,765
							463,529
TOTAL SHORT-TERM INVESTMENTS
(Cost $463,529)							463,529
Total Investments - 100.43%
(Cost $4,303,069)							4,171,287
Liabilities in Excess of Other Assets - (0.43)%(j)							(17,796	)
NET ASSETS - 100.00%						$	4,153,491

Portfolio Footnotes
(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for swaps, short sales or forward foreign currency exchange contracts. At February 29, 2024, the aggregate fair market value of those securities was $754,680, representing 18.17% of net assets.
(c)	Underlying security for a written/purchased call/put option.
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of February 29, 2024, these securities had a total value of $219,573 or 5.29% of net assets.
(e)	Less than 0.005% of net assets.
(f)	Security in default on interest payments.
(g)	Restricted securities (including private placements) - The Fund may own investment securities that have other legal or contractual limitations. At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $4,298 or 0.10% of net assets.

Restricted Security	Acquisition Date	Acquisition Cost
Concert Pharmaceuticals, Inc. CVR, Expires 12/31/2029	03/07/2023	$	740
Contra Abiomed, Inc. CVR, Expires 12/31/2030	12/21/2022		204
Contra Albireo Pharma, Inc. CVR, Expires 12/31/2027	01/09/2023		892
Contra CinCor Pharma, Inc. CVR, Expires 12/31/2027	02/23/2023		1,956
Total		$	3,792

(h)	Security fair valued using significant unobservable inputs and classified as a Level 3 security.  As of February 29, 2024, the total fair market value of these securities was $3,948, representing 0.10% of net assets.
(i)	Rate shown is the 7-day effective yield as of February 29, 2024.
(j)	Includes cash held as collateral for short sales.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (2.49%)
COMMON STOCKS SOLD SHORT - (2.49%)
Commercial Services - (0.77%)
WillScot Mobile Mini Holdings Corp.		(673	)	$	(32,136	)
Oil & Gas - (0.19%)
Callon Petroleum Co.		(249	)		(7,759	)
Software - (1.53%)
Synopsys, Inc.		(111	)		(63,684	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $95,727)				$	(103,579	)

WRITTEN OPTIONS	Expiration Date	Exercise Price		Notional Amount			Contracts			Value
Written Call Options
Crown Castle, Inc.	03/2024	$	110.00	$	(32,982	)		(3	)	$	(810	)
Rivian Automotive, Inc.	03/2024		12.00		(22,640	)		(20	)		(960	)
Snowflake, Inc.	03/2024		180.00		(18,828	)		(1	)		(1,200	)
TOTAL WRITTEN OPTIONS
(Premiums received $2,395)										$	(2,970	)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value		Notional Amount		Unrealized Appreciation
Morgan Stanley & Co./ Upon Termination	Old National Bancorp	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/08/2024	$	—	$	—	$	3,235	USD	93,830	$	3,235
Morgan Stanley & Co./ Upon Termination	Exxon Mobil Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	07/25/2024		—		—		447	USD	197,885		447
Morgan Stanley & Co./ Upon Termination	WillScot Mobile Mini Holdings Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	02/08/2025		—		—		225	USD	4,522		225
								$	3,907			$	3,907

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

 

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value			Notional Amount		Unrealized Depreciation
Morgan Stanley & Co./ Upon Termination	Chevron Corp.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	05/06/2024	$	—	$	—	$	(3,787	)	USD	204,771	$	(3,787	)
Morgan Stanley & Co./ Upon Termination	Synopsys, Inc.	Received 1 Month-Federal Rate Minus 40bps (4.930%)	01/23/2025		—		—		(207	)	USD	8,399		(207	)
								$	(3,994	)			$	(3,994	)

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

 

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
CAD	2,580	USD	1,901	Morgan Stanley & Co.	03/15/2024	$	1
USD	55,588	CAD	74,530	Morgan Stanley & Co.	03/15/2024		662
USD	81,042	GBP	63,400	Morgan Stanley & Co.	03/15/2024		1,007
USD	27,443	NOK	285,900	Morgan Stanley & Co.	03/15/2024		517
						$	2,187

 

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	7,090	USD	5,292	Morgan Stanley & Co.	03/15/2024	$	(67	)
USD	34,417	CAD	46,750	Morgan Stanley & Co.	03/15/2024		(38	)
GBP	37,300	USD	47,470	Morgan Stanley & Co.	03/15/2024		(383	)
USD	48,987	GBP	39,000	Morgan Stanley & Co.	03/15/2024		(246	)
USD	73,441	NOK	805,000	Morgan Stanley & Co.	03/15/2024		(2,371	)
						$	(3,105	)

The following is a summary of investments classified by country exposure:
Country	% of Net Assets(a)
United States		79.40	%
Canada		7.45	%
Sweden		4.08	%
Cayman Islands		2.45	%
Norway		2.44	%
United Kingdom		1.90	%
Germany		1.50	%
British Virgin Islands		1.21	%
Liabilities in Excess of Other Assets		(0.43	)%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

Abbreviations:

AB - Aktiebolag is the Swedish term for a limited company.

ADR - American Depositary Receipt

AG - Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders.

ASA - Allmennaksjeselskap is the Norwegian term for public limited company.

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CAD - Canadian dollar

CVR - Contingent Value Rights

EUR - Euro

GBP - British pound

LP - Limited Partnership

Ltd. - Limited

NOK - Norwegian krone

PLC - Public Limited Company

USD - United States Dollar

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

The following table summarizes AltShares Event-Driven ETF’s investments and derivative financial instruments categorized in the fair value hierarchy as of February 29, 2024:

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks*	$	3,515,602		$	—		$	—	$	3,515,602
Corporate Bonds*		—			187,840			—		187,840
Convertible Corporate Bonds*		—			18			—		18
Rights		—			350			3,948		4,298
Short-Term Investments		463,529			—			—		463,529
TOTAL	$	3,979,131		$	188,208		$	3,948	$	4,171,287
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	2,187		$	—	$	2,187
Equity Swaps		3,907			—			—		3,907
Liabilities
Common Stocks*		(103,579	)		—			—		(103,579	)
Written Options		(2,970	)		—			—		(2,970	)
Forward Foreign Currency Exchange Contracts		—			(3,105	)		—		(3,105	)
Equity Swaps		(3,994	)		—			—		(3,994	)
TOTAL	$	(106,636	)	$	(918	)	$	—	$	(107,554	)

*	Refer to Portfolio of Investments for sector information.
**	Other financial instruments are instruments such as written options, securities sold short, equity swaps and forward foreign currency exchange contracts.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	February 29, 2024 (unaudited)

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund’s assets and liabilities during the period ended February 29, 2024:

Investments in Securities	Balance as of May 31, 2023		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Purchases		Sales Proceeds			Transfers out of Level 3		Balance as of February 29, 2024		Net change in Unrealized Appreciation (Depreciation) from investments still held as of February 29, 2024
Rights	$	3,970	$	3,260	$	340		$	-	$	(3,622	)	$	-	$	3,948	$	272
Private Investments		800		36		(386	)		-		(450	)		-	$	-		-
Total	$	4,770	$	3,296	$	(46	)	$	-	$	(4,072	)	$	-	$	3,948	$	272